Contact Kim Cheng

Contact Kim Cheng
Cell: 604-880-8971
Office: 604-437-1123 
Oakwyn Realty Downtown
400-1286 Homer St,
Vancouver, BC V6B 2Y5

Market News

Vancouver Real Estate Market Update - Aug 2017

At the time of this email, the bank of Canada has raisin it’s rate to 1%.  Usually what this mean is a flurry of activity as the Buyers are trying to capture the lower rates.

 

Not much has changed in the Greater Vancouver market over the last month. Condos continue to be high and houses are relatively lower priced.  However nationally things are continuing to change.  For example, in July Greater Toronto average prices were down 19% from the market’s peak in April and year-over-year sales were 40% lower.  Vancouver has always had a different market and this shows to need to get advice from someone who understands the local market.

 

The August numbers were:

 

 

 

 

2 Bedroom

1 Bedroom

 

#Active

/sq.ft.

#Sold

/sq.ft.

#Active

/sq.ft.

#Sold

/sq.ft.

Woodwards

3

$1,218

2

$941

1

$1,041

3

$1,064

Downtown

250

$1,440

81

$1,217

138

$1,143

112

$1,101

Coal Harbour

40

$1,883

10

$1,506

11

$1,534

9

$1,190

 


Regards,


Kim


E&OE

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